Bourbon bottle fetches $10,000 at Mishawaka charity auction

[miu]

Originally Posted by suzy_q2010

It was a charity auction. Just a way to make a donation.

^^^ This. The the high prices at a charity auction can never be duplicated in real life.

[Crashj007]

Originally Posted by Hulsker 1856

I wonder how someone can think that a bottle of bourbon can be worth $500 but not be worth $10,000.
<>
It is self-centered to define a reasonable price for everyone as 'whatever I would be willing to spend'.

So how can a painting possibly by Davinci be worth $450 million? Talk about useless!?

[Aredhel]

Originally Posted by Crashj007

So how can a painting possibly by Davinci be worth $450 million? Talk about useless!?

You missed that poster's point. An item is worth what someone is willing to pay for it. Someone, not simply me. Just because I wouldn't pay $XXX for an item doesn't mean the item isn't worth $XXX.

(The OP, on the other hand, confused making a charitable contribution with making a purchase.)

[Crashj007]

Originally Posted by Aredhel

You missed that poster's point. An item is worth what someone is willing to pay for it. Someone, not simply me. Just because I wouldn't pay $XXX for an item doesn't mean the item isn't worth $XXX.

(The OP, on the other hand, confused making a charitable contribution with making a purchase.)

My thought about the previous poster was they consider the value to be vested in the usefulness of something rather than the aesthetic value.

It seems the retail value of Pappy's best Bourbon would be about $3000 for the bottle So the extra contribution of $7000 is worth the publicity and the deduction.